New Entrepreneurs Foundation

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New Entrepreneurs FoundationFormation| January 1, 2010; 15 years ago (2010-01-01)

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Type| Nonprofit organisation, Registered UK Charity No. 1140102[1] Company No. 07469562[2]
Location|

* London, United Kingdom

Services| Entrepreneurship training

New Entrepreneurs Foundation (NEF), founded in 2010, is a London-based nonprofit organization that runs development programmes for aspiring entrepreneurs. The Centre for Entrepreneurs (CFE) is the UK’s leading entrepreneurship foundation. Their aim is to make the country more entrepreneurial.[3]

## History

[edit]

Founded in 2010 by Oliver Pawle, Dee Stirling, Sir Nigel Rudd and The Lord Davies of Abersoch CBE, the NEF was designed to support the next generation of UK entrepreneurs building new businesses.[4]

In 2013, the organisation launched a guide for social entrepreneurs.[5]

In 2017, it was announced a new organisation would be set up by NEF and The Centre for Entrepreneurs to work on long-term challenges to entrepreneurship in the United Kingdom. One million pounds was donated to the project by Mikhail Fridman.[6]

## Organisation

[edit]

NEF solely focuses on the entrepreneurial potential of its intake rather than existing venture ideas.[7] It does not require the contribution of equity from its participants’ ventures. It is entirely funded through corporate and individual sponsorship. See Sponsors and Funding for more information.[8]

Based in London the organisation's direction is decided by a Board of Trustees[9] and CEO Neeta Patel.[10]

## Courses

[edit]

The NEF runs a yearly programme with up to fifty candidates. The candidates project can be anywhere from the ideas stage to running a venture full-time.[11][12][13]

The course has several components including:[14]

* Paid Work Placement - placements with start-ups such as Secret Escapes, Uber and E-Leather.[15]
* Learning and Development Workshops - training workshops provided in partnership with business schools, including UCL, London Business School and other specialist training providers. Workshops cover topics such as Negotiation, Web Development and Pitching.
* Speaker Series - Past speakers include Dido Harding (CEO, Talk Talk), Gerry Murphy,[16] (Chairman, Blackstone), Dr. Hermann Hauser CBE (co-founder, Amadeus Capital Partners[17]), Lara Morgan (co-founder, StartUp Britain), Brett Akker (founder, Streetcar, now Zipcar) and Marcia Kilgore (founder, Bliss, FitFlop & the Soap & Glory range[18])
* Coaching \- an executive coach to help with personal development.[19]
* Mentorship \- a business mentor from a specific industry.[20]

Each June the current cohort and alumni pitch their business ventures to a panel of investors.[21]

## Business

[edit]

As of July 2016, NEF has developed 155 entrepreneurial ventures, of which 62 remain active, with more than £10m in investment raised and 650 jobs created.[22]

Compared to March 2022, the founders NEF and Alumni have gone on to create over 200 live businesses, 5,000 jobs, raise £221m in early-stage funding and now have a collective valuation of £630m.

Among these businesses[23] are Inkpact,[24] Pollen8,[25] Plus44 Holdings (whose primary product is Sliide App),[26] Stand4Socks,[27] Krzana,[28] Wiser,[29] Sideways6,[30] Turn Partners[31] and CharlieHR.[32]

## See also

[edit]

* Entrepreneurs' Organization

## References

[edit]

1. ^ "Charity overview". Retrieved 2016-07-28.
2. ^ "THE NEW ENTREPRENEURS FOUNDATION - Overview (free company information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2016-07-28.
3. ^ "New Entrepreneurs Foundation". New Entrepreneurs Foundation. Retrieved 2016-07-28.
4. ^ "About Us - New Entrepreneurs Foundation". Retrieved 2016-07-28.
5. ^ "How to get ahead ... As a social entrepreneur". TheGuardian.com. 19 December 2013.
6. ^ Walsh, Dominic. "Oligarch's helping hand for the next generation".
7. ^ "What we look for - New Entrepreneurs Foundation". Retrieved 2016-07-28.
8. ^ "Our sponsors - New Entrepreneurs Foundation". Retrieved 2016-07-28.
9. ^ "Our leadership - New Entrepreneurs Foundation". Retrieved 2016-07-28.
10. ^ "Executive team - New Entrepreneurs Foundation". Retrieved 2016-07-28.
11. ^ "Forty Aspiring Entrepreneurs To Be Selected For New Entrepreneur Training Programme - Student Times". Retrieved 31 July 2016.
12. ^ "Meet our alumni - New Entrepreneurs Foundation". Retrieved 2016-07-28.
13. ^ "FAQs - New Entrepreneurs Foundation". Retrieved 2016-07-28.
14. ^ "What is the NEF Programme? - The New Entrepreneurs Foundation". Retrieved 2016-07-28.
15. ^ "New Entrepreneurs Foundation on hunt for 'young entrepreneurs of tomorrow' - Startups.co.uk: Starting a business advice and business ideas". Retrieved 31 July 2016.
16. ^ "Gerry Murphy". www.blackstone.com. Retrieved 2016-07-28.
17. ^ "Home page - Amadeus Capital". Amadeus Capital. Retrieved 2016-07-28.
18. ^ "Marcia Kilgore | LinkedIn". uk.linkedin.com. Retrieved 2016-07-28.
19. ^ "Coaches - New Entrepreneurs Foundation". Retrieved 2016-07-28.
20. ^ "Business Mentors for Entrepreneurs". Retrieved 2016-07-28.
21. ^ "NEF Celebrates 5 Years of Developing Entrepreneurs". us2.campaign-archive2.com. Retrieved 2016-07-28.
22. ^ "What we have achieved - New Entrepreneurs Foundation". Retrieved 2016-07-28.
23. ^ "NEF Ventures - New Entrepreneurs Foundation". Retrieved 2016-07-28.
24. ^ "Personalised Communication | Inkpact.com | Improved Marketing". www.inkpact.com. Retrieved 2016-07-28.
25. ^ "pollen8 - Work done better together". pollen8.io. Retrieved 2016-07-28.
26. ^ "Sliide Airtime". sliideairtime.ng. Retrieved 2016-07-28.
27. ^ "Stand4 Socks - Socks for Social Causes - StandOut Stand4!". Stand4Socks. Retrieved 2016-07-28.
28. ^ "Krzana - The Real-Time Search Engine". www.krzana.com. Archived from the original on April 19, 2015. Retrieved 2016-07-28.
29. ^ "Wiser". wearewiser.com. Retrieved 2016-07-28.
30. ^ "Sideways 6 – Crowdsourcing Employee Ideas with Office 365 and Yammer". www.sideways6.com. Retrieved 2016-07-28.
31. ^ "Turn Partners". www.turnpartners.com. Retrieved 2016-07-28.
32. ^ "Charlie – The free HR platform for startups". www.charliehr.com. Retrieved 2016-07-28.